show of hands


show of hands
Voting at a meeting of shareholders is governed by the Articles of Association. The first vote is usually taken on a show of hands where each shareholder is entitled to one vote. A poll can then be demanded and votes are counted on the basis that those present have one vote for each share they hold. Who can ask for a poll is usually dictated by the Articles of Association. However, there is an overriding right for five shareholders together or a lesser number holding not less than one-tenth of the total votes or the paid up share capital on shares carrying votes to demand a poll

Easyform Glossary of Law Terms. — UK law terms.